https://www.taxtmi.com/caselaws?id=23529 Expenditure on bungalows occupied by employees for their own benefit, together with depreciation attributable to those buildings, was held to be includible in computing the statutory disallowance under section 40A(5) of the Income-tax Act, 1961. The Kerala HC followed the earlier Full Bench view and subsequent decisions, treating such maintenance costs and depreciation as part of the expenditure falling within the disallowance ceiling. On that basis, the disallowance was upheld and the issue was decided in favour of the Revenue. en-us Thu, 07 Dec 1989 00:00:00 +0530 Mon, 21 Dec 2009 15:41:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23529 Expenditure on bungalows occupied by employees for their own benefit, together with depreciation attributable to those buildings, was held to be includible in computing the statutory disallowance under section 40A(5) of the Income-tax Act, 1961. The Kerala HC followed the earlier Full Bench view and subsequent decisions, treating such maintenance costs and depreciation as part of the expenditure falling within the disallowance ceiling. On that basis, the disallowance was upheld and the issue was decided in favour of the Revenue. Case-Laws Income Tax Thu, 07 Dec 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23529